I am delighted to see that there is a universal crackdown on...

I am delighted to see that there is a universal crackdown on excessive salaries etc


eg
Rudd blasts greed
AdvertisementEmail Print Normal font Large font Related Coverage
$10bn jolt to boost economy
Video US profit-taking shakes stocks
Video Malcolm Maiden: Global response
Your Say Comment
Vote Daily poll
US officially in recession: Federal Reserve
US slips into 'recession'
AdvertisementChris Zappone
October 16, 2008 - 12:43PM

Prime Minister Kevin Rudd today blamed "extreme capitalism" for the global crisis and said the seed for the economic meltdown was sown in the United States' reaction to the bursting of the dotcom bubble at the beginning of the decade.

Speaking at a National Press Club function in Canberra, Mr Rudd said the Government had set a "national course of action" to steer through the crisis and is looking into ways to curb "executive greed".

"As Prime Minister I won't sit by and watch Australian households suffer the worst effects of a global financial crisis they did not cause."